Corporate winners and losers amid the oil price crash - FT.com:
"Oil price crashes have profound consequences. The fall in crude after the 1997 Asian financial crisis ushered in today’s oil and gas supermajors after a flurry of megamergers that included BP’s tie-up with Amoco, Exxon with Mobil and Texaco with Chevron.
The latest collapse in oil is having an enormous impact — even though the benchmark Brent price has rebounded in 2016, it is still about 60 per cent down since mid-2014.
But the consequences of this oil decline have not been the ones that history might suggest would occur, either within or outside the oil industry."
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